Obviously, we need to maximize our tax effectiveness in the situation and the monthly is going to be huge, especially if we can’t get the rents to cover the mortgage.

You pay employers tax, wc rates, and deduct employee tax, etc.

There are a lot of older homes in the city, and higher taxes in the suburbs make cash flow challenging. 

Talk and connect with pros, other investors, people who lend money, agents, and builders to get great tips and chances to work together.

No tax returns.

I am looking to find the optimal tax and legal structure to optimize his situation.

Any guidance/tips would greatly be appreciated!

If I calculate my actual cap rate after 6 months by using their convention (Subtracting insurance, tax, property management from gross income) numbers match, thus I am getting what was promised on my proposal.

My question is - if I wanted to take a loan out against that property to pay debt I owe in a different country and buy an investment property in a different country:1. would I be taxed on it? 

Here is the list:- Subject property deed- Property tax bills for all properties owned- Home owner’s insurance declaration pages for all properties owned- Lease agreements on all rentals/ or we can type a memo of month to month rents.- 2022 and 2023 Federal Tax returns with all schedules included- business and personal (if filed separately)- January 2024-current Profit/Loss, Balance sheet, debt schedule (template attached here- or can use your own profit/ loss template)- 30 days most recent paystubs and ’22 ’23 W2s if you receive pay checks.- Most recent 2 months of bank statements outside of CBNA- Most recent retirement/ investment/ life insurance statement, if applicable.Is this an insane amount of paper?